Under the Corporation Code of the Philippines (Batas Pambansa Blg. 68, as of 2018), what document must be filed to create a corporation? Answer: Articles of Incorporation with the Securities and Exchange Commission (SEC).
The supplier replied, “In a partnership, each partner is personally liable for business debts. Your personal savings, your car — they can be taken to pay.” partnership and corporation baysa lupisan answer key 2018
In a corporation, who manages the business? Answer: The Board of Directors, elected by shareholders. Under the Corporation Code of the Philippines (Batas
One day, the corporation took a bank loan for a new dryer. The loan defaulted. The bank went after the corporation’s assets only — not Mang Baysa’s house, not Aling Nena’s piggery. as of 2018)